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Davis Polk & Wardwell LLP

03/04/2021 | News release | Archived content

Anzu Special Acquisition Corp I $420 million IPO We advised the underwriters on the SPAC IPO and Nasdaq listing

Davis Polk advised the underwriters in connection with the initial public offering of 42,000,000 units of Anzu Special Acquisition Corp I, for aggregate proceeds of $420 million. Each unit consists of one share of Class A common stock and one-third of one warrant to purchase one share of Class A common stock of Anzu Special Acquisition Corp I. The Class A common stock and warrants are expected to be listed on the Nasdaq Capital Market under the symbols 'ANZU' and 'ANZUW', respectively.

Anzu Special Acquisition Corp I is a special purpose acquisition company (SPAC) whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Although Anzu Special Acquisition Corp I is not limited to a particular industry or geographic region for purposes of consummating a business combination, the company intends to focus on high-quality businesses with transformative technologies for industrial applications.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Ida Araya-Brumskine and David Giron. The tax team included counsel Kiara L. Rankin. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.